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Business Interruption Policy Exclusions Business Closures

Bradley Arant Boult Cummings LLP

North Carolina Supreme Court: Government-ordered business closures during COVID-19 lockdowns constitute 'direct physical loss'...

Steven Hix and G. Benjamin Milam of Bradley discuss a pair of recent North Carolina Supreme Court rulings on coverage for pandemic-related losses, one of which gave policyholders a rare win. On December 13, the North...more

Ervin Cohen & Jessup LLP

Ninth Circuit Rejects Insurance Coverage for COVID Losses

On March 16, 2022, the Ninth Circuit joined other appellate courts in finding that restaurants were not entitled to insurance coverage for losses due to the COVID-19 pandemic shutdowns. A panel of judges issued an unpublished...more

Rumberger | Kirk

Eleventh Circuit Weighs Business Interruption Coverage for COVID Related Loss

Rumberger | Kirk on

Trial courts have started to rule and appellate courts are now being asked to decide whether government closure orders enacted due to the COVID-19 pandemic cause restaurants “direct physical loss or damage to property” within...more

Hogan Lovells

TKC v Allianz Insurance Plc: temporary loss of use of premises does not trigger standard BI cover

Hogan Lovells on

The Commercial Court has ruled that temporary loss of use of premises as a result of COVID-19 lockdown measures will not trigger cover under a standard business interruption policy that requires property damage to trigger...more

Harris Beach Murtha PLLC

Beware of the Double Whammie!

“Double Whammie” is not a technical term, but you get the point:  when you are hit with not just one, but by two devastating blows when only one was enough to wreak havoc. Recent events have inflicted such damage on many...more

JAMS

[PODCAST] Resolving Business Interruption Disputes Caused by the Coronavirus (COVID-19)

JAMS on

Business interruption is on the minds of many, especially now as the COVID-19 pandemic has created unprecedented legal and business challenges. In this new podcast from JAMS, two well-respected neutrals with extensive...more

Verrill

Does a property insurance policy still provide coverage if a business does not reopen after the COVID-19 Stay At Home Orders are...

Verrill on

Most property insurance policies in today’s market include a provision that causes coverage to lapse if the property is vacant (as defined by the policy) for a period in excess of 30 days. Fortunately, insurers have generally...more

Harris Beach Murtha PLLC

Coronavirus and Business Interruption Insurance: What Does The Physical Loss Or Damage Requirement Mean?

Many businesses forced to reduce or pause their operations as a result of the Coronavirus pandemic have turned to their insurance carriers for the support their insurance policies promised. Unfortunately, all that these...more

Lathrop GPM

Will Business Interruption Losses From COVID-19 Be Covered By My Insurance?

Lathrop GPM on

The answer is maybe; but you will not know without a thorough review of all potentially applicable policies. You may be hearing in the media, or directly from brokers, insurance adjusters, or risk managers that there is no...more

Ervin Cohen & Jessup LLP

Business Interruption Insurance Coverage In The Age Of Coronavirus

Businesses whose operations have been shut down due to the coronavirus crisis rightly look to their business interruption or business income policies for relief. As a general matter, in order to trigger coverage those...more

Dorsey & Whitney LLP

Insurance Coverage for Costs and Losses Due to the COVID-19 Pandemic: Some Considerations

Dorsey & Whitney LLP on

The novel coronavirus, and the respiratory disease it causes (COVID-19), continue to exact a human toll. As state and national governments fight to mitigate the impact, businesses are also attempting to address the social and...more

Goodwin

COVID-19: Business Interruption and Insurance Amid a Pandemic

Goodwin on

Businesses in the United States and around the world are undergoing a fundamental and unprecedented disruption as a result of the coronavirus pandemic (COVID-19). State governments have issued “shelter-in-place” and...more

Roetzel & Andress

COVID-19 – Is it A Direct Physical Loss Or Damage To Covered Property So As To Trigger Business Interruption Coverages?

Roetzel & Andress on

Each day we are seeing new restrictions, closures of businesses and self-quarantines of employees and family members. All of these impact our daily lives and our businesses. The continuing spread and the potential impact of...more

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